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Problem 1 3 - 5 Calculating Expected Return [ LO 1 ] Consider the following information: table [ [ , table [ [

Problem 13-5 Calculating Expected Return [LO1]
Consider the following information:
\table[[,\table[[Probability of],[State of]],\table[[Portfolio],[Return if State]]],[State of Economy,Economy,Occurs],[Recession,.25,-.10],[Boom,.75,.20]]
Calculate the expected return. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.)
Expected retur
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